The Canadian Securities Administrators recently released their 2010 Enforcement Report, which summarizes the steps taken by regulators over the past year "to detect and disrupt misconduct in Canada's capital markets." The report notes that 178 proceedings were commenced in 2010 against 301 individuals and 183 companies, while 174 cases were concluded. Notably, of the cases concluded, 64 were concluded by court proceeding, representing a marked increase from the 35 in 2009. Illegal distributions were the most frequent type of securities law violation, and represented two-thirds of concluded cases. The report also provides a number of case summaries to illustrate the type of activity that constitutes the various categories of violations.
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